Recently, do you feel like BTC and the entire crypto market are moving sluggishly, not knowing what to do? Don't worry, I have some insights to share. Right now, we need to be a bit patient, as it feels like a big move is being held back. Don't pay too much attention to the small fluctuations. Either use a grid strategy to slowly lower costs, or wait for a new trend to emerge. Remember, the market can't be a roller coaster every day; consolidation is the norm.
Through recent observations, I feel that during sideways movements, platform coins are actually a good choice, quite stable. However, this is just my personal reflection and does not constitute investment advice; everyone should consider it themselves.
Specifically for $BTC, I think it will fluctuate between 92,000 and 97,000. If there is no major news, it will just go up and down in this range without any significant movements. At this time, you can manually buy low and sell high to reduce costs, but don't risk your entire position; just play with a small part to avoid regrets after selling too early.
Speaking of $BNB, I estimate it will consolidate between 685 and 725. The 63rd airdrop ends today, which might have a slight impact on the price. However, the good news is that there are upcoming megadrop projects that should support the price without major fluctuations. But be aware, participating in megadrop requires deposits or tasks, so don't get it wrong.
Finally, speaking of $ETH, I expect fluctuations between 3200 and 3500. Institutions have been increasing their holdings recently, and the price aligns well with the current situation. Unless BTC makes a big move, ETH should still consolidate around this position within 24 hours.
Today's daily BTC technical market analysis shows that from the K-line perspective, the 1-hour level is upward but lacks momentum, the 4-hour level is upward, the 12-hour level is upward, and the daily level is sideways, with an intraday resistance at 97,800 and a support at 92,200 USD.
A starting point for cryptocurrency success in 2025: 4 altcoins that may explode with 100x returns!
Ethereum (ETH)
Ethereum has fundamentally changed the way we think about the internet and finance. Since Vitalik Buterin launched it in 2015, it has introduced smart contracts that support a vast ecosystem of decentralized applications (dApps). This includes everything from finance to art, all running on a groundbreaking proof-of-stake blockchain. The transition to proof-of-stake through the merge in 2022 has made the network more efficient and sustainable. Upcoming upgrades like sharding aim to enhance scalability and reduce costs, confirming Ethereum's commitment to decentralization and innovation.
In today's market, Ethereum stands out for its robust technology and growth potential. Ether (ETH) is the native currency of the network and is crucial for transactions and rewards. With predictions of new highs for prices next year, Ethereum seems attractive to many observers. A broad ecosystem, including Layer 2 solutions like Arbitrum and Polygon, enhances transactions and keeps Ethereum ahead of many other currencies. As the cryptocurrency industry continues to evolve, Ethereum remains at the forefront of blockchain technology with ongoing innovation.
JasmyCoin (JASMY)
In today's interconnected world, our devices (from smartphones to cars) continuously trade exchange data. JasmyCoin (JASMY) is a cryptocurrency project by Jasmy Corporation, headquartered in Tokyo, aimed at giving you control over your personal data. By combining the Internet of Things (IoT) with blockchain technology, Jasmy has created a platform where users can securely store and share data. Jasmy's approach is not to let big companies control all the data but to allow individuals to own and control their information, turning it into personal assets.
Jasmy's platform provides a secure data exchange environment without the need to trust third parties. It operates through decentralized workflows using edge computing and stores data via the InterPlanetary File System (IPFS). This means your data remains protected and under your control. In today's market, as people become increasingly concerned about data privacy and security, projects like JasmyCoin stand out. While many cryptocurrencies focus on financial transactions, Jasmy focuses on data ownership. As more individuals recognize the value of personal data, JasmyCoin could play a significant role in the future of IoT and blockchain.
Asena (ENA)
Let's get to know Ethena, a new name in the cryptocurrency world that is changing the way we view digital currencies. Built on Ethereum, Ethena offers synthetic dollars that do not rely on traditional banks. This means that anyone anywhere in the world can access stable digital currency without facing the usual banking barriers. Additionally, Ethena has launched 'internet bonds,' a global savings option in dollars. Just like a global savings account, anyone with internet access can use it.
Ethena stands out in the current market. While many coins involve volatility, Ethena focuses on stability and accessibility. For those seeking reliability in cryptocurrency, synthetic dollars could be a game-changer. Compared to other tokens, Ethena offers not just tokens but practical solutions for daily financial needs. With the trend of decentralized finance, Ethena's approach aligns well with current interests. For investors looking for promising opportunities at this market stage, Ethena may be an attractive option.
Pepe
PEPE is a newcomer in the cryptocurrency realm, launched as a tribute to the beloved Pepe the Frog meme created by Matt Furie. Like deflationary meme coins on Ethereum, it embraces the fun and viral nature of internet culture. From late April to May 2023, PEPE's value soared, reaching a market cap of $1.6 billion. This rapid rise made early holders millionaires and triggered a 'meme coin season' where many similar tokens experienced dramatic booms and busts.
What sets PEPE apart is its simplicity—no transaction fees, and it openly admits it has no function other than being a meme. This honesty attracts a community seeking simple, community-driven projects. At the current market stage, PEPE is capitalizing on the enthusiastic demand for meme assets, just like Dogecoin and Shiba Inu did before. The route K-line chart clearly outlines ambitious goals, including listings on major exchanges and 'meme acquisitions.' While it is uncertain whether PEPE will reach new heights, it has caught the attention of many optimistic about the potential bull market before the next Bitcoin halving. For those interested in the power of internet culture in finance, PEPE offers a glimpse into dynamic and unpredictable market trends.
The crypto space has always been a process of survival of the fittest, where only the strong survive! If you want to avoid being eliminated, you must make changes!
Every penny you earn is a realization of your understanding of this world; every penny you lose is due to your cognitive shortcomings. The greatest fairness in this world is that when a person's wealth exceeds their understanding, there are a hundred ways for society to harvest you!
Until your cognition and wealth match each other. Waiting for a bull market is the most torturous!
But if you wait for it, you will know what it means to have endured hardship before enjoying the rewards. Everyone must not leave the market; the tough days are about to end, and a raging bull market is on the way!
If you have been stumbling around in the crypto space without finding direction! Or if you have been losing money! You can follow me.
